The Gain or Loss on the Disposal of a Business

question 10

Multiple Choice

The gain or loss on the disposal of a business segment is shown on the income statement as:

• A)part of comprehensive income.
• B)part of discontinued operations
• C)part of continuing operations.
• D)other gains or losses.

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Definitions:

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Large Factories

Extensive industrial facilities where goods are manufactured or assembled, typically employing many workers and utilizing heavy machinery.

Mediating Technology

Technology that acts as an intermediary in facilitating communication or interaction between parties, often improving or enabling processes that were previously more challenging or impossible.

eBay

An online marketplace and auction platform that allows individuals and businesses to buy and sell a wide variety of goods and services.